Bull Market Will Continue: Strategists

Stock markets will probably continue to rise as the world recovery has just begun and many investors who have been on the sidelines will finally jump in, investment officers and strategists told CNBC Monday.

Stock prices went so low during the crisis, hitting bottom last March, that now "the market is behaving as if it's a bull market," Dodge Dorland, chief investment officer at Landor Capital Management said.

"The markets will have a reason to go up now unless the news is very bad," Dorland added.

Asian stocks surged after existing home sales in the US rose to levels before the Lehman collapse in September 2008 and following remarks by Federal Reserve chairman Ben Bernanke that the global economy is emerging from a recession. European stocks were also up.

"The fundamentals are that costs have been contained and costs are still ok. You have a cyclical earnings recovery," Peter Toogood, head of investment at Old Broad Street Research, told "Squawk Box" in Europe.

"There is a lot of money still waiting to participate and it hasn't participated yet. The debate in semantics is whether it is a long-term recovery or not," Toogood added.

"It's not a crazy rally, it's an inevitable rally. The monetary policy will remain highly stimulative for a protracted period," he said.

The key to currency markets will be the Australian dollar , because rate rises have started to be priced in that market, Steve Barrow, head of G10 research at Standard Bank told CNBC.

If the Chinese stock market does not wobble again, high-yield currencies are on a stable recovery path, Barrow added.